London, United Kingdom
XOALA, founded in 2024 and headquartered in the United Kingdom, positions itself as an innovative neobank. With the slogan "Xoala is a neobank, fully regulated, all-in-one financial platform!", it aims to streamline financial operations for various sectors including financial institutions, brokers, crypto firms, iGaming companies, and global businesses.
This fully regulated platform in Sweden, recognized as an EMI, leverages its status as a principal member of Visa and Mastercard, providing secure and compliant services. It integrates corporate banking, global payments, acquiring, and cryptocurrency solutions, eliminating reliance on multiple financial partners.
Xoala supports B2B and C2B transactions, with services encompassing dedicated IBANs, multi-currency accounts, international payment rails, and corporate debit cards. Its cryptocurrency offerings include support for over 10 currencies, instant transfers, and fiat conversions. The platform also offers acquiring for different risk levels, including integrations with Praxis and BridgerPay.
Recently, the company secured a £7.40M funding round on 22 December 2022, showcasing investor confidence in its comprehensive approach to fintech services.
